Little Falls transcript. [volume] (Little Falls, Morrison County, Minn.) 1876-1894, 1887-06-17
WOMEN WHO SPECULATE.

49,
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! WOMEN WHO SPECULATE.
Their Successes and Failures-Actresses
| g., Who Dabble In Stocks.
New York Mail and Express.
tThat women speculate and do not
stop at ordinary ventures know to
be fact" said prominent banker,
when approached on thesubiect; "but
they usually employ men to do their
work. You see, they cannot operate
In person because of the prejudice OF
their own sex, but they can study and
scheme and direct-and this is what
they do. The cases in this city where
brokers carry heavy lines OF stock I'M
der their own names which really be.
long to their clients are not few,
can tell you. These women, however,
do not all live in New York. Bless
your heart, they represent every coun.
ty in the State and, for all I know,
every city and town. They are usual.
~ women who have inherited proper.
ty, wards Of indulgent guardians or
women who have seen the world.
| BY this l mean women who have trav-
eled and learned of the wonderful
achievements in the stock line of some
noted foreigners; titled or untitled, and
desire to outshine Them
"And are they successful"
As a rule, yes. "Women have q
very keen appreciation Of the per.
haps.' Then, again, they are content
with a small margin OF profit. And,
finally, they seldom play, like man,
! for a four-time winner, as it were, to
press the limit. If the purchase OF
to-day shows a gain they are content
to pocket that gain, rather than wait
for another advance tomorrow,
which advance is not always sure to
| come"
"But if they lose?'
"Ihey lose as little as possible by
getting clear of their stock as soon as
they see it is going contrary to the
way they want it to go. They are
very philosophical and cautious, are
these same women. But all the wom-
| en- who are represented on the street
and in the exchanges are not moneyed
parties by long Odds"
"Noo"
"Far from it. Many woman sends
her last $40 to put up her margin
when the day shall beg in"
"Ishould not think a broker would
bother with a business so small"
'I'he brokers in those cases are u.s.
ually the woman's brother, sweet
heart or cousin. She wheedles a few
bank notes out Of papa and gives
them to her agent, who in turn gives
them to some small broker, and very
often the miserly little sum OF the
morning IS quite a respectable bank
account by night. remember an in.
stance when q young woman came to
New York to attend lectures at the
Woman's Medical College. She found
living, tuition and other expenses SO
very much more than she had ex-
pected that she was not willing to
commence her work until she had re-
allied sufficient money to see her
through her studies. Listening to the
advice OF a male cousin, she sent $50
by him to put up as margin on oil.
That $50 in a week's time brought
her back nearly $1,000"
"All women, however, are not so
successful"
IL should say not. There are thou
sands OF dollars swallowed up in mar
gins every day that represent many 8,
young woman's pin-money for g.
month. Women are natural-oorn
gamblers. They take to gift enter
prises, lotteries, speculation and bet
ting as a duck does to water. II you
want a good proof of it go any day to
these large tea stores where the pro-
prietor gives away q piece OF crockery
or siiver~plated spoon with every
pound Of tea. You will find women
coming there to buy from, districts
miles away. They really spend more
in car fare and time than the gift is
worth, besides getting an inferior
grade in their purchase. The proprie-
tor, however, knows their weakness
and profits accordingly"
Are there any female brokers in
business in New York;"
"None that know Of. Men brokers,
however, have their female aides
women like Vic Woodruff and Tennie
Claflin-and these women are power
full allies, can tell YOU"
"What is their method of operat-
ing?"
1T depends upon circumstances.
As a. rule, they seek the confidence OF
some recently bereaved widow-one,
bear in mind, who has not been left
moneyless. Then they proceed to ad-
wise her against trusting the wicked
men in matters Of business, invaria-
bly, winding up by recommending their
banker or broker as the man above
all others to look after her affairs
The same plan is followed with young
girls who succeed to legacies or young
women from the country who come to
the city looking for safe investments
for their savings"
'sAs a. class, what women do you
think have the greatest use for a
broker?"
addresses. There is hardly an &C.
tress in America to-day, that is one OF
! any note, that does not dabble more
or less in stocks. The reason for this
is, I suppose, that no class Of men be-
come more intimate with ladies in the
theatrical profession than the banker
| and broker. Confidence, of course, be-
gets confidence, and in a short time
the actress has made the plunge into
the financial maelstrom. There is an
uptown firm of brokers whose busi-
ness is almost entirely made up Of or
ders from prominent actresses. Mrs.
Langtry, Lolita, Maggie Mitchell, Rose
Coghlan, Modieska, Mary Anderson,
Fanny Davenport, and others OF equal
fame all have nice little bundle OF
good-paying stocks, and, as a rule, are
ready to buy more.;'
The young assistant minister OF a
Fifth avenue church in New York is
reported to have made his way into
great social favor bv making the inf1,1-